It is an OTC derivative in which two parties exchange cash flows at specified time intervals in the future, based on agreed parameters. Currency swap involves the exchange of principal and /or interest payments in one currency with principal and/or interest payments in another currency.
Key Features & Benefits
- Allows a customer to re-denominate a loan from one currency to another.
- Efficiently manage/Eliminate the Currency/interest rate risk.
- Swapping allows companies to revise their debt conditions to take advantage of current or expected future market conditions Dedicated Team for structuring solutions based on the customer requirements.